Tyson Foods, Inc. $TSN Shares Sold by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. reduced its stake in Tyson Foods by 6.6%, selling 7,889 shares and maintaining a holding of 111,197 shares valued at $6.22 million.
• Tyson Foods reported $0.91 earnings per share for the last quarter, exceeding expectations, with revenue of $13.88 billion, up 4% year-over-year.
• The company declared a quarterly dividend of $0.50 per share, with a dividend yield of 3.7%, indicative of strong cash flow management despite its high payout ratio.

QRG Capital Management Inc. lessened its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,197 shares of the company's stock after selling 7,889 shares during the quarter. QRG Capital Management Inc.'s holdings in Tyson Foods were worth $6,220,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new position in shares of Tyson Foods in the 1st quarter valued at $28,000. Matrix Trust Co boosted its holdings in shares of Tyson Foods by 28,200.0% in the 2nd quarter. Matrix Trust Co now owns 566 shares of the company's stock valued at $32,000 after purchasing an additional 564 shares during the last quarter. Beacon Capital Management LLC acquired a new position in shares of Tyson Foods during the 2nd quarter valued at $37,000. Armstrong Advisory Group Inc. lifted its holdings in shares of Tyson Foods by 130.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company's stock valued at $38,000 after acquiring an additional 388 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in shares of Tyson Foods during the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Price Performance

TSN opened at $54.71 on Monday. The company has a 50-day moving average of $55.36 and a 200-day moving average of $56.60. The company has a market capitalization of $19.46 billion, a P/E ratio of 24.87, a PEG ratio of 0.72 and a beta of 0.57. Tyson Foods, Inc. has a 1-year low of $51.85 and a 1-year high of $65.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The company had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same quarter in the previous year, the firm earned $0.87 EPS. The company's revenue was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. Equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods declared that its board has approved a stock buyback plan on Thursday, August 7th that allows the company to repurchase 43,000,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its stock is undervalued.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. Tyson Foods's payout ratio is 90.91%.

Analyst Ratings Changes

TSN has been the topic of several recent research reports. Weiss Ratings restated a "hold (c)" rating on shares of Tyson Foods in a report on Saturday, September 27th. Stephens reduced their target price on shares of Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. BMO Capital Markets reduced their target price on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a report on Monday, July 28th. Sanford C. Bernstein downgraded shares of Tyson Foods from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Finally, JP Morgan Cazenove dropped their price target on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Monday, July 7th. Two research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $61.25.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.